Back 5/427 Gilbert Road
Off Market

5/427 Gilbert Road

Preston VIC 3072

2
1
1
Apartment
Last sold for $681,000
Chris VlahosChris Vlahos, last sold this property on 24 July 2025 after 318 days on market.

Overview

Bright, stylish & perfectly positioned

Freshly updated with modern flair, this sun-soaked unit is a perfect opportunity to nest or invest in the popular Preston lifestyle. Live, dine and entertain in light-filled comfort, securely nestled at the rear of a quiet complex with city trams at your doorstep and buzzing High Street mere moments away! Stylish flooring shines throughout this immaculate interior, first flowing through the spacious north-facing lounge with split system heating and cooling. Enjoy meals in the sunlit dining zone, smartly serviced by the sparkling kitchen with timber benchtop, tiled splashback and high-end appliances including electric oven, induction cooktop and dishwasher. Entertain guests on the wide alfresco deck enclosed privately at the rear of the unit perfect for hosting friends and family for a BBQ on the weekend! Both light-filled bedrooms feature built-in robes and ceiling fans, each sharing the stunning central bathroom with floor-to-ceiling tiles, underfloor heating, heated towel rail, large shower, double vanity and internal laundry facilities. Further highlights of this modern gem include the energy efficient heat pump hot water service, rooftop solar panels and a single carport provided just outside your door. IGA Xpress is right across the road for instant access to your shopping needs, or it's an easy stroll to local shops and cafés throughout this peaceful pocket. Hop on the No. 11 tram for easy travel into the city via Fitzroy, or head over to Preston Station alongside Woolworths, ALDI and beloved Preston Market. Enjoy a balanced lifestyle with tranquil parkland and trusted schools nearby, or all the excitement of High Street's endless restaurants, cafés, bars, clubs and so much more! Travel easily to Edwardes Lake Park, Melbourne Polytechnic (Preston), La Trobe University, Northland Shopping Centre and major arterials.

Features

2 bedrooms
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Preston over the last 12 months, the estimated median property value of 5/427 Gilbert Road is $550k.

Median value
$550k
Estimated value range
$350k - $926k
Median days on market
31
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Preston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/427 Gilbert Road

2025
Sold
$681,000
Private Sale/Treaty on 24 Jul 2025 by Chris Vlahos, of Nelson Alexander Preston
2025
Rented
Undisclosed
Leased on 13 Jan 2025 by Nelson Alexander Reservoir
2023
Sold
$530,000
16 Oct 2023 by James Turkington, of Stockdale & Leggo Reservoir Preston

Happy sellers in Preston

95%
95% of sellers in Preston reported that their sale price either exceeded or met their price expectations.

Preston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 121 reviews in Preston over the last 12 months.

Local market activity for 2 bedroom apartments in Preston

In the last 12 months, 189 two-bedroom apartments similar to 5/427 Gilbert Road, have been sold.

This represents a 2% increase in two-bedroom apartments sales when compared to the previous 12 months.

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